California Public Employees Retirement System held its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 35,000 shares of the industrial products company’s stock at the end of the first quarter. California Public Employees Retirement System owned about 0.49% of UFP Technologies worth $907,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UFPT. American International Group Inc. increased its stake in shares of UFP Technologies by 6.9% in the first quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock valued at $102,000 after buying an additional 255 shares during the last quarter. Oxford Asset Management increased its stake in shares of UFP Technologies by 6.2% in the first quarter. Oxford Asset Management now owns 17,885 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,038 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of UFP Technologies by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 41,584 shares of the industrial products company’s stock valued at $1,077,000 after buying an additional 1,041 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of UFP Technologies by 0.5% in the first quarter. Wellington Management Group LLP now owns 391,754 shares of the industrial products company’s stock valued at $10,146,000 after buying an additional 2,000 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its stake in shares of UFP Technologies by 39.0% in the first quarter. Alambic Investment Management L.P. now owns 29,431 shares of the industrial products company’s stock valued at $762,000 after buying an additional 8,259 shares during the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) traded down 0.54% during midday trading on Monday, hitting $27.80. The stock had a trading volume of 506 shares. UFP Technologies, Inc. has a 52-week low of $22.79 and a 52-week high of $29.00. The firm’s 50 day moving average price is $27.97 and its 200 day moving average price is $26.32. The firm has a market cap of $202.02 million, a price-to-earnings ratio of 22.60 and a beta of 0.18.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. UFP Technologies had a return on equity of 6.94% and a net margin of 6.03%. The firm had revenue of $37.89 million for the quarter, compared to analysts’ expectations of $40 million. On average, equities research analysts expect that UFP Technologies, Inc. will post $1.39 earnings per share for the current year.

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Several brokerages have recently weighed in on UFPT. Zacks Investment Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th. TheStreet upgraded UFP Technologies from a “c+” rating to a “b” rating in a report on Monday, May 1st.

UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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